Charitable Trusts

Post Mortem Estate Plan Adjustment

Wife is the beneficiary of a substantial Qualified Terminable Interest Property Trust (or QTIP trust for short). Her six children were remainder beneficiaries, and she received all of the trust income...

Risks of Amateur Trustees

Why Your Family May Need a Corporate Fiduciary

The fiduciary standard is the highest standard of care recognized by the law. A salesman is under no obligation to determine that his product is appropriate for a buyer, or that the buyer can afford it, or that the purchase is in the best interests of the buyer. A fiduciary does have those obligations and more.

Q&A on IRAs

A new report from the GAO estimates that 43 million taxpayers have IRAs, worth an estimated $5.2 trillion. Some 42.3 million of these IRAs are worth less than $1 million, and 800,000 are worth more. 314 taxpayers have IRAs worth $25 million or more. That is some serious capital, which can raise serious questions. Here are four that crossed our desk recently.

Inherited IRAs

Trusts for Special Needs

Parents and grandparents of a child with a lifelong disability, such as autism, have a special estate planning challenge. On the one hand, they want to provide the financial support that the child never may be able to provide for himself or herself. On the other hand, they want to protect the child’s eligibility for the full range of government support programs, including health care.

2015 IRS Retirement Plan Limits

To make it possible for voluntary retirement savings to keep up with inflation, the various numerical limits embedded within qualified retirement plans are indexed for inflation. In October the IRS announced the numbers that will apply in 2015.

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